Exclusive: China’s state banks seen acquiring dollars in swaps market to stabilise yuan
China’s state banks stepped up their intervention to defend a weakening yuan on Monday, with banking sources telling Reuters these banks sold a high volume of U.S. dollars and used a combination of swaps and spot trades.
Ukraine economy could grow by 15.5% in 2023 after deep fall – minister
Ukraine’s economy should stabilise over the coming year and expand by as much as 15.5% in 2023, depending on military developments in the war against Russia that began on Feb. 24, the country’s economy minister told Reuters in an interview.
